Meanwhile, the S&P BSE Sensex was down 142.71 points, or 0.40% to 35,401.23.

On the BSE, 8.84 lakh shares were traded in the counter so far compared with average daily volumes of 8.62 lakh shares in the past two weeks. The stock had hit a high of Rs 247.30 and a low of Rs 237.40 so far during the day. The stock hit a record high of Rs 283.95 on 5 January 2018. The stock hit a 52-week low of Rs 184.70 on 23 May 2017.

Hindalco Industries (HIL) is a leading player in aluminium and copper manufacturing.